Add Pioneering Biodiesel Producer Argent Energy Sold

Pioneering-Biodiesel-Producer-Argent-Energy-Sold.md

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+<br>Pioneering [biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) [manufacturer Argent](https://www.abnnewswire.net/companies/en/31347/%E0%B8%9A%E0%B8%A3%E0%B8%B4%E0%B8%A9%E0%B8%B1%E0%B8%97-Mission-NewEnergy-%E0%B8%88%E0%B8%B3%E0%B8%81%E0%B8%B1%E0%B8%94.html/4) Energy sold<br>
+<br>23 July 2013<br>
+<br>Argent Energy, a leader of large-scale commercial  of [biodiesel](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) in the UK, has actually been purchased by a green investment firm.<br>
+<br>Argent, based near Motherwell, was [offered](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) to a subsidiary of London-based John Swire & Sons for an [undisclosed](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) amount.<br>
+<br>Argent makes green roadway fuel by [recycling wastes](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) and residues such as [utilized cooking](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) oil and tallow from the [meat market](https://www.pinterest.com.au/missionnewenergy/).<br>
+<br>The company will remain in personal ownership and will [continue](https://stocktwits.com/symbol/MNEL) to run [separately](https://www.investing.com/equities/mission-newenergy-ltd-company-profile).<br>
+<br>Its senior management, including chairman Andy Hunter, handling director Jim Walker and financial director Jim Boyd are to stay with the [business](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/).<br>
+<br>Souter Investments, the [personal investment](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) firm of [transportation tycoon](https://www.abnnewswire.net/companies/en/31347/%E0%B8%9A%E0%B8%A3%E0%B8%B4%E0%B8%A9%E0%B8%B1%E0%B8%97-Mission-NewEnergy-%E0%B8%88%E0%B8%B3%E0%B8%81%E0%B8%B1%E0%B8%94.html/4) Sir Brian Souter, [verified](https://www.crunchbase.com/organization/mission-newenergy) it had sold its 37% stake in Argent.<br>
+<br>['Future](https://www.google.com/search?kgmid=/m/0cqd_rb) capacity'<br>
+<br>Mr Walker said the financial investment by John Swire underlined Argent's strong market position, [including](https://pitchbook.com/profiles/company/51278-86) there was now an opportunity "to take Argent's skills additional afield".<br>
+<br>Barnaby Swire, of John Swire, said his business was [devoted](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) to "checking out and purchasing ingenious and viable green markets".<br>
+<br>He included: "We are thrilled to be acquiring Argent Energy, a company which our company believe can grow and flourish not only within the UK but likewise overseas, in particular in Asian markets with which Swire Group companies are familiar.<br>
+<br>"[John Swire](https://www.bloomberg.com/profile/company/MNELF:US) & Sons Ltd sees in Argent Energy's staff members a mix of characteristics and worths that work with our own, and anticipate dealing with them to maximise Argent [Energy's](https://www.google.com/search?kgmid=/m/0cqd_rb) [future capacity](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html)."<br>
+<br>Argent was developed in 2001. In 2009 it was bought by a consortium which included senior management together with Souter Investments.<br>
+<br>Its plant at Newarthill, near Motherwell, has the capacity to produce as much as 50 million litres of [biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) a year.<br>
+<br>Cooking oil to run buses in trial<br>
+<br>4 November 2011<br>
+<br>Argent Energy<br>
+<br>Souter Investments<br>